An economist expects the dollar exchange rate to approach the 140,000 threshold

An economist expects the dollar exchange rate to approach the 140,000 threshold

6-24-2024

An economist expects the dollar exchange rate to approach the 140000 thresholdInformation / Baghdad..
Today, Monday, the economic expert, Nabil Al-Ali, expected a decline in the exchange rates of the US dollar against the Iraqi dinar during the coming period.

Al-Ali told Al-Maaloma Agency, “There is a possibility that the exchange rate of the dollar against the dinar will reach 142 thousand in the coming days if the Central Bank of Iraq’s sales of foreign currency continue to increase.”

He added, “The increase in the Central Bank of Iraq’s sales of dollars through the currency auction will contribute to reducing exchange rates, even if slightly, without returning to the threshold of 150,000 or more.”

Al-Ali pointed out that “exchange rates recorded a relative decline at the beginning of this week.”

America worked to destroy the Iraqi currency by imposing sanctions on private banks and banning the dollar under many pretexts, which led, in one way or another, to a severe financial crisis in the local markets.

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